Ordinance 71273

Chapter 99 Redevelopment Plan for the 4320-4330, 4350 and 4350R S. Kingshighway Blvd. Redevelopment Area

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Ordinance

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4320-4330, 4350 and 4350R S. Kingshighway Blvd. Redevelopment Area. This Board Bill will allow up to twenty years of tax abatement provided as follows: fifteen years (15) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by 5 years of tax abatement based on 90% of the assessed value of the incremental improvements. This Area includes unoccupied property which will be redeveloped for mixed-use.

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Legislative History

Session: 2020-2021
Board Bill Number: 142
Primary Sponsor: Carol Howard
Co-Sponsors:
Committee: Neighborhood Development
First Reading: 10/09/2020
Second Reading: 12/04/2020
Perfection: 12/11/2020
Third Reading: 01/15/2021
Effective Date: 02/27/2021

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